Property Management Blog

Tuesday, October 8, 2019

Rent Collection Process and How to be Successful From the Very Beginning
As easy as it sounds, rent collection can actually be difficult if the expectations aren’t set up first and put in writing. Here are some important tips, techniques, and processes to help you get set up for success prior to placing a tenant.One thought to think about before we get started is: “Either you are training the tenan...

Thursday, October 3, 2019

Rental Scams by Independence Capital Property Management
Here at ICPM, your asset is our highest priority. We have put security measures in place to safeguard that very asset. One of those times when there is a great need for protection is when the home is on the rental market and how we combat scams. From the experience of 2 property management companies, across the nation, who have experience...

Tuesday, July 30, 2019

5 Reasons Why It’s A Terrible Idea to Rent to Family
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Your cousin Joe has fallen on hard times and needs a place to move his family. You have a vacant rental property and need a tenant to ensure you’re not coming out of pocket to pay the mortgage. It’s a win-win! Or is it?1.      They are not the best tenants.Like Joe, many family members in need of renting YOUR re...

Monday, July 22, 2019

Real Estate Agents: Why You Should Buy Investment Properties!
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Being a real estate agent affords you the opportunity to be in the midst of real estate transactions. Now, imagine being an investor at the same time. You can look at each transaction from the lens of an investor. Better yet, every time a new property hits the market, you should be thinking of the possible investment opportunity it may be...

Tuesday, July 2, 2019

Why Should A Landlord Change The Locks Between Tenants?
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Creating a safe environment for your tenant’s is a big responsibility that shouldn’t be taken lightly. You, the landlord and as business owners have an obligation to keep your investment property and your tenants’ safety of top priority. Just imagine the horror and anxiety your tenants would have to deal with if they are...

Wednesday, June 26, 2019

Proper Tenant Screening
Proper tenant screening might be the most important step you can take to ensuring you have an enjoyable experience with your tenants. Tenant screening is not just about feeling if you want the tenant or not. This might get trouble with Fair Housing. Proper is defined by performing proper screenings: criminal history; credit and debt ...

Tuesday, June 18, 2019

What are the Costs Associated with Owning a Rental Property in Farmington, New Mexico?
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Historically and even up to this day, real estate has proven to be a money-making machine. Common benefits to rightfully owning a rental property are steady cash flow, tax benefits, wealth building and a hedge against economic inflation. That is why more and more people are investing in real estate markets because it fail-proofs their inv...

Monday, June 10, 2019

TENANT LIABILITY INSURANCE AND WHY IS IT A MUST?
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When managing or owning a rental property, two things should come to the top of your priority list. One, maximizing the long-term potential of the investment and two, minimizing the overall liability/risk associated with it. Today this article is intended to help you minimize the risk associated with rental property.What is TLI?TLI or ten...

Tuesday, April 9, 2019

Tax Time - Make the Very MOST of Your Investment
Real estate can be an amazing vehicle to create long-term wealth. Not only for you but it can even become generational. Buying an investment property is to build equity and value over and above the initial investment of the property. One of the many important drivers of how real estate can provide the value and to build equity is the tax ...

Friday, January 25, 2019

3 main factors, that if done correct will result in higher rent, a faster occupancy and better tenan...
There are three main factors to consider. First and foremost is the marketing of the home. Number 2 is promotion and last but not least is the asking price of the home. Let's start with marketing. Marketing is one of the three factors because it so important these days, especially when, as a society, we want everything right now and t...

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